First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) Sets New 12-Month Low – Time to Sell?

Shares of First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) reached a new 52-week low on Friday . The company traded as low as $61.21 and last traded at $61.43, with a volume of 309245 shares traded. The stock had previously closed at $65.29.

First Trust RBA American Industrial Renaissance ETF Stock Down 4.2 %

The company’s fifty day moving average is $73.08 and its two-hundred day moving average is $77.15. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 19.74 and a beta of 1.22.

First Trust RBA American Industrial Renaissance ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.075 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust RBA American Industrial Renaissance ETF’s previous quarterly dividend of $0.04. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.48%.

Institutional Investors Weigh In On First Trust RBA American Industrial Renaissance ETF

Institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. raised its stake in First Trust RBA American Industrial Renaissance ETF by 60.1% in the fourth quarter. Sunbelt Securities Inc. now owns 538 shares of the company’s stock valued at $42,000 after buying an additional 202 shares in the last quarter. Arvest Investments Inc. raised its position in shares of First Trust RBA American Industrial Renaissance ETF by 0.7% during the 4th quarter. Arvest Investments Inc. now owns 29,847 shares of the company’s stock worth $2,299,000 after acquiring an additional 209 shares in the last quarter. tru Independence LLC raised its position in shares of First Trust RBA American Industrial Renaissance ETF by 7.9% during the 4th quarter. tru Independence LLC now owns 4,448 shares of the company’s stock worth $343,000 after acquiring an additional 324 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in First Trust RBA American Industrial Renaissance ETF by 1.6% during the fourth quarter. Bleakley Financial Group LLC now owns 20,048 shares of the company’s stock worth $1,544,000 after purchasing an additional 325 shares during the last quarter. Finally, World Investment Advisors LLC boosted its holdings in First Trust RBA American Industrial Renaissance ETF by 4.1% in the third quarter. World Investment Advisors LLC now owns 8,213 shares of the company’s stock valued at $613,000 after purchasing an additional 326 shares in the last quarter.

First Trust RBA American Industrial Renaissance ETF Company Profile

The First Trust RBA American Industrial RenaissanceTM ETF (AIRR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks a multifactor-selected index of equities that can benefit from potential regain in market share of US industrial and community banking sector. AIRR was launched on Mar 10, 2014 and is managed by First Trust.